BLOOMER, Wisc.—Blown and cast film maker Bloomer Holdings Inc. is being sold to Charter NEX Films Inc. in a deal between their private equity owners.
Bloomer Holdings, known in the market as Optimum Plastics, brings two locations in Bloomer, Wis., and Delaware, Ohio, to Charter NEX through the deal.
Charter NEX CEO Kathy Bolhous said in a statement the deal “marks the combination of two innovative pioneers in specialty films.”
The current Optimum itself is a result of Bloomer Plastics Inc.'s 2014 purchase of Optimum Plastics of Delaware.
That deal combined Bloomer Plastics' custom engineered cast embossed film capabilities with Optimum's high-barrier coextruded blown film business.
And now they are owned by Charter NEX.
“We have long known that these two companies belong together,” Optimum CEO Kevin Keneally said in a statement. “Our customers will gain access to a greater breadth of technical and operational capabilities, and together we can bring unique new products to market.”
Keneally will become president and chief commercial officer of the combined company, which will be led by Bolhous as CEO.
Charter NEX makes coextruded, barrier and monolayer blown films for markets including the food, pharmaceutical, medical and packaging industries. The company has manufacturing locations in Milton, Rhinelander and Superior, Wis., and Turners Falls, Mass.